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Say what you want about the kind of city Memphis is or isn’t for foodies who prefer originality to the chains and knockoffs that are so familiar a sight in suburbia. But let it be known that 2017 was another year of ascendancy for Memphis’ singular, distinctive food scene, with the constant arrival of new concepts and experiences that in turn also says something about the city that patronizes those establishments.

With more than 40 life science companies operating in the Greater Memphis area and Shelby County ranking second in the U.S. for orthopedic device manufacturing, the Mid-South can stake its claim as one of the top medical device markets in the world.

The Palazola name has been associated with produce in the Bluff City for more than a century.

In 1974, Mike Palazola founded M. Palazola Produce Co., a wholesaler and distributor of fresh fruits and vegetables to restaurants and institutional food service establishments in the Greater Memphis area, but his grandfather before him had delivered produce around the city out of his truck.

NEW YORK (AP) – The end of the year can mean tax headaches for some mutual-fund investors, this year potentially more so than others.

Companies have started to warn investors of distributions they'll make by the end of December. For anyone with a fund outside a tax-advantaged account, these payments can trigger a tax bill, even if they never sold any shares themselves.

Memphis-based First Tennessee Bank is already the biggest bank in the state and award-winning for its work atmosphere. But the company isn’t resting on its laurels, instead forging ahead with unique strategies to better reflect the communities it is serving through a top-down, baked-in approach to ensuring diversity at every level of the organization.

An online farmers market service launched in September by an Arkansas judge and his wife has expanded with the addition of a Thanksgiving-themed meal kit product.

Adam and Tasha Weeks are the owners of Powhatan Farms in Powhatan, Arkansas, and the couple behind the business SingBean.com. That’s their service that lets customers log on from Saturday until Monday night and fill up their online cart with items from a group of farms the service works with.

The parent company of Saint Francis Hospital in Memphis and Bartlett has announced a company-wide cost reduction effort intended to lower operating expenses by $150 million and will include cutting about 1,300 positions, including contractors.

Memphis is a city on the precipice of change as projects that were once deemed impossible – like ServiceMaster’s Downtown headquarters or Crosstown Concourse – have emboldened developers and city officials to shoot for the moon.

First Horizon National Corp. has submitted the results of its annual Dodd-Frank Act Stress Test to regulators, which show that the company’s management and board believes it “would maintain capital well in excess of regulatory adequate levels under severely adverse economic and financial conditions.”

SEATTLE (AP) – Memo to the many places vying for Amazon's second headquarters: It ain't all food trucks and free bananas.

For years, much of downtown Seattle has been a maze of broken streets and caution-taped sidewalks. Dozens of enormous cranes tower overhead as double-length dump trucks hauling excavated dirt rumble past pedestrians and bicyclists. The crashing and clanging of construction is the city's soundtrack on a perpetual loop.

Attorney Peter Pettit has joined Mid-South Food Bank as chief development officer following his recent retirement as a partner in the Memphis office of Bass, Berry & Sims PLC. In his new role, Pettit works closely with food bank leaders to develop strategies and relationships with major gift donors, and specifically is working to complete the $12.5 million “Hunger to Hope” capital campaign.

Ray’s Take: Saving for retirement doesn’t just happen by accident. It takes meaningful thought, discipline, and action to create and execute a plan that will sustain you in your golden years. Yet, according to the Employee Benefit Research Institute, only 18 percent of U.S. workers say they are very confident of having enough money to live comfortably during their retirement years. There seems to be a big disconnect going on between knowledge and execution.

NEW YORK (AP) – Earnings reporting season is getting underway, and Wall Street is getting ready to be underwhelmed.

Profit growth likely slowed sharply in the summer for U.S. companies after hurricanes and other natural disasters caused big damage. Analysts are forecasting weaker earnings for several areas of the market from a year ago, a sharp turnaround from earlier this year, when earnings were soaring by more than 10 percent and helping to drive the stock market to record heights.

NEW YORK (AP) – Utopia is still in effect for fund investors. Funds of all types again powered higher in the third quarter, as stocks and bonds around the world rose in unison. Not only did investors get strong returns from their funds, they also got them with remarkably few headaches along the way.

Ray’s Take: It’s common among investors to fall into the “short-term mindset” with investments. The financial media tends to make things worse. If you do not see the returns you want on cue, you decide to move your funds around to the ones that are showing higher short-term returns.

Humans are a limited species. We cannot with any certainty, given the dynamic nature of life, predict the future.

In some cases you have better odds when running models and scenarios based on judging the future by analyzing past behaviors and patterns, such as insurance actuary tables or credit scores; however, most predictions are wrong.

NASHVILLE, Tenn. (AP) – Dutch giant Royal Philips plans to build a health technology center in Tennessee that officials expect will create more than 800 jobs in the Nashville area over the next two years.

Ray’s Take: When it comes to building a portfolio for retirement, your goal shouldn’t be to load up with as many different types of investments as you can in the hopes that you’ll outsmart any fluctuations in the market. Diversification, like all things, has its limits.

Ten years removed from the worst financial crisis since the Great Depression, the banking industry has transformed itself and wealth managers say investors remain leery.

Among other things, First Tennessee Bank jettisoned its national mortgage operation in the wake of the crisis. It refocused its attention and efforts around being a strong regional bank, as opposed to one with aggressive national ambitions. It trimmed headcount, boosted investment in technology and began to specialize, creating new industry-specific teams in verticals like health care and music-industry banking.

When it comes to logistics, the primary distribution center markets like Atlanta, Chicago and Los Angeles have led the way in terms of warehouse development. But as more companies look to tighten their supply chain, secondary markets – including Memphis; Louisville, Kentucky; and Cleveland, Ohio – have found themselves in a better position to absorb growth.

Jernigan Capital – a publicly traded, Memphis-based provider of capital to self-storage entrepreneurs – is on a tear at the moment.

The company in recent days has closed three new self-storage development investment commitments totaling almost $50 million, including a co-investment of $26.5 million for a proposed 1,424-unit facility in Manhattan. The other investments are for facilities in Knoxville and in the Boston metro area, and construction on all three facilities is set to be finished by the end of second quarter 2018.

WASHINGTON (AP) – The Federal Reserve is figuring out when to start unloading much of its $4.5 trillion in bond holdings – a major turning point for an economy still healing from the 2008 financial crisis.

Nick Mitchell, managing director and research analyst with Northcoast Research, didn’t have to do much work or analysis in the wake of news that Memphis-based Fred’s Inc. has been cut out of a deal between Walgreens and Rite Aid.

NEW YORK (AP) – Online retail giant Amazon is making a bold expansion into physical stores with a $13.7 billion deal to buy Whole Foods, setting the stage for radical retail experiments that could revolutionize how people buy groceries and everything else.

WASHINGTON (AP) – The Federal Reserve has raised its key interest rate for the third time in six months, providing its latest vote of confidence in a slow-growing but durable economy. The Fed also announced plans to start gradually paring its bond holdings later this year, which could cause long-term rates to rise.

As Congress fiddles with an Obamacare replacement, one likely to cut billions in Medicaid spending, health care experts warn a decrease in funding could be hard on Tennessee.

During a recent forum in Jackson, Andy Schneider of the Georgetown Center on Children and Families reported that 50 percent of Tennessee’s children in small towns and rural areas are covered by Medicaid, a higher percentage than the rest of the nation, and more than in Tennessee’s urban areas where 39 percent have Medicaid.

Ray’s Take The old rule of thumb for an emergency savings account was three to six months of living expenses. It was created at a time when the workforce experience was more monolithic and predictable. This was when there more likely was a single breadwinner who worked at the same company their entire life and retired with a gold watch and a big send-off party.

DEARBORN, Michigan (AP) – Ford is replacing CEO Mark Fields as it struggles to keep its traditional auto-manufacturing business running smoothly while remaking itself as a nimble, high-tech provider of new mobility services.

Memphis-based investment firm Wunderlich Securities Inc. will be acquired by a publicly traded Los Angeles-based financial services firm, B. Riley Financial, in a $67 million deal expected to close in June.

If you ask Gov. Bill Haslam, Republican government is the best thing since sliced bread.

Not only is GOP leadership responsible for a myriad of tax cuts leading to record surpluses and a $37 billion budget funding better K-12 and higher education, shoring up the rainy day and TennCare funds, shrinking state debt and building an economic environment for job creation, Haslam says. It’s even bringing us the cleanest air since before the industrial revolution.

Jinliang (Jin) Cai has joined the Greater Memphis Chamber as vice president of international business development. In that role, Cai will be directing efforts both to grow foreign direct investment in Memphis and Shelby County and to increase the volume of local exports to foreign markets.

A busy day at City Hall Tuesday by the City Council agenda and by at least one completely unplanned moment during council budget committee sessions. It was so busy that at the start of Tuesday’s council session, chairman Berlin Boyd couldn’t find his gavel and technical glitches prompted him to ask for a can of WD-40. Throw in a visit to City Hall by civil rights leader Rev. Jesse Jackson and you have our comprehensive same night rundown of how it went and for whom it went.

Three days of sun and mild temperatures for the Beale Street Music Festival. Not to be all “Dawn Lazarus” about the weather. Of course, it wasn’t just that way over Tom Lee Park. And many of us continue to find there is life outside after you have determined your festival days may be behind you. We were all over the place this weekend including Tom Lee Park and Shelby Farms Park and backyards and trails and on a rising river. Can you still claim you were at BSMF if you were within earshot of it?

The same day the U.S. Senate sent a $1.1 trillion spending bill to President Trump – the first major legislation of his presidency which averts a Friday, May 5, government shutdown – Craig Dismuke was telling a Memphis audience how much his economic forecasts hinge on the new president.

Eighteen startup teams this week have kicked off the “Summer of Acceleration,” the season of joint accelerator programming across six startup accelerators overseen by the EPIcenter, Memphis Bioworks and Start Co.

The comforting thud of reams of bound printed paper hitting a wooden table top. The sound of pages turning as Power Points are read aloud. Yes, fellow citizens of the republic, it is budget season in Shelby County. The gavel fell on Memphis City Council budget hearings Tuesday at City Hall. And Wednesday morning Shelby County Mayor Mark Luttrelltakes his budget proposal to the County Commission. A note about the city budget deliberations. Tuesday’s opening session saw the return of council member Janis Fullilove to City Hall after being out for a while due to an extended illness.

Morgan Bohannon recently joined Cumulus Media as vice president/market manager for its four-station group in Memphis, which includes KIX 106, 98.1 The Max, 98.9 The Vibe and 103.5 WRBO. Bohannon comes to Cumulus from iHeartMedia-Memphis, where he most recently served as area president. He worked for iHeartMedia/Clear Channel Radio for more than 20 years in various capacities and markets.

A much tighter sign-up deadline and coverage delays will be waiting for some health insurance customers now that President Donald Trump's administration has finished a plan designed to stabilize shaky insurance markets.

Nearly a third of all homes in Shelby County are owned by investors, a fact which has state and city leaders looking for ways to stem the tide and encourage locals to buy into their communities through owner-occupied homeownership.

With nearly 20 nationalities calling Binghampton home, the neighborhood possibly is the most culturally diverse in Memphis.

That diversity will be celebrated Saturday, April 15, at Wiseacre Brewing Co. with Kaleidoscope, a multicultural food festival that will present a variety of food entrepreneurs serving up unique goodness from their homes. The food festival is the culmination of work over the past year to support refugee and immigrant food entrepreneurs in the Binghampton community.

NEW YORK (AP) – The problems at Wells Fargo and its overly aggressive sales culture date back at least 15 years, and management had little interest in dealing with the issue until it spiraled out of control resulting in millions of accounts being opened fraudulently, according to an investigation by the company's board of directors.

WASHINGTON (AP) – Goldman Sachs may be about to get another friend in Washington.

Jay Clayton, a well-connected Wall Street lawyer who is President Donald Trump's pick to lead the Securities and Exchange Commission, is sure to face sharp questions from Democrats at his confirmation hearing Thursday over his years of work for Goldman and other financial giants.

Ray’s Take: When you finally reach your retirement date, one of your first questions will be: How much of my savings can I spend?

The seat-of-the-pants guideline for retirement withdrawals has been 4 percent for many years. That’s all well and good when 10-year treasuries were yielding 6 percent. Now they are under 2.5 percent so that approach and the rule are less clear. Retirement readiness is too complex to be bound by a simple rule of thumb. Further, that rule doesn’t necessarily take into account investment expenses.

A cohort of minority-owned businesses have used a new Greater Memphis Chamber loan program to complete ISO 9001 certification, which opens them up to new federal contracting opportunities where the certification is required.

WASHINGTON (AP) – The U.S. trade deficit jumped in January to the highest level in nearly five years as a flood of mobile phones and other consumer products widened America's trade gap with China. The result underscores the challenges facing President Donald Trump in fulfilling a campaign pledge to reduce America's trade deficits.

NEW YORK (AP) – McDonald's acknowledged on Wednesday that it lost 500 million customer transactions in the U.S. since 2012 and laid out its plans to get more people back into its restaurants – including by letting them order and pay on their mobile phones by the end of the year.

When USA Today Network executive and president of The Tennessean newspaper Laura Hollingsworth came into town the day after The Commercial Appeal announced printing operations will be moving to Jackson, Tennessee, she told the staff that while no immediate plans were in place, selling the daily paper’s iconic building was certainly a possibility down the road.

Commercial real estate is shifting to mixed-use developments designed to create a sense of place for homeowners longing for the community of days gone by, and the trend is profiting many parties as commercial developers see stronger returns and cities undergo revitalization in their core.

Lee A. Harkavy is one of two attorneys from the Memphis office of Wyatt, Tarrant & Combs LLP to be named to the regional law firm’s executive committee. Harkavy is a commercial transactional attorney focused primarily on representing businesses in their external growth endeavors or exit strategies. In that capacity, he advises clients on mergers, acquisitions and dispositions, and capital-raising transactions.

WASHINGTON (AP) – Federal Reserve Chair Janet Yellen said Tuesday that the central bank still expects to raise interest rates gradually this year. But she said the Fed also recognizes the dangers of waiting too long to tighten credit.

Tarullo's decision will clear the way for President Donald Trump to select a candidate for the bank supervision position. Trump is likely to choose someone more in line with his desires to roll back the regulations put in place by the Dodd-Frank Act, which overhauled bank supervision in the wake of the 2008 financial crisis.

2017 may be another busy stretch for mortgage bankers in Shelby County, if the atypically busy start to the year is any indication.

Purchase mortgage volume came out of the gate strong in January, rising 28 percent to a little more than $112 million compared with $87.4 million in the year-ago period, according to the latest figures from real estate information company Chandler Reports, chandlerreports.com.

NEW YORK (AP) – Despite a bumpy holiday season, chains like The Limited shutting down and department stores such as Macy's closing stores, the largest retail trade group says it's still optimistic that sales will grow this year – especially online.

WASHINGTON (AP) – President Donald Trump is taking his first steps aimed at scaling back financial services regulations, and the Republican-run Congress cast a vote early Friday signaling that it's eager to help.

WASHINGTON (AP) – Though "Obamacare" still divides Americans, a majority worry that many will lose coverage if the 2010 law is repealed in the nation's long-running political standoff over health care.

With the Dow Jones industrials above 20,000, it's natural to ask what's going on and what, if anything, investors should do. Here are some answers to common questions that people have about the stock market.

The Dow Jones industrial average crossed the 20,000 mark for the first time Wednesday, the latest milestone in a record-setting drive for the stock market.

Strong earnings from Boeing and other big companies helped push the Dow past the threshold early on and had U.S. stocks solidly higher in late-afternoon trading. The Standard & Poor's 500 index and Nasdaq composite were on course for record highs of their own after each closed at all-time highs on Tuesday.

Memphis ranks last among the nation’s 50 largest markets in a new report assessing current and forecasted housing fundamentals.

Ten-X, a national online real estate transaction platform, complied annual Census data to create its Top Single-Family Housing Markets Report for Winter, which takes into account traditional housing data like sales and permits and combines them with economic data such as population growth, unemployment rates, job growth and wages.

I found myself earlier this week Googling “travel bucket lists.” I was helping my wife, Stacey, research bucket lists related to her fourth novel that was set to come out the next day. Her book, “This is 35,” follows a character who has become famous in part because of her bucket lists.

WASHINGTON (AP) – The U.S. economy grew at a 3.5 percent annual rate in the July-September quarter, the fastest pace in two years and more than the government had previously estimated. But the growth spurt isn't expected to last.

WASHINGTON (AP) – There isn't much doubt about what the Federal Reserve will do when its latest policy meeting ends Wednesday: It's all but certain to raise its benchmark interest rate – its first increase in a year.

When the Memphis-Shelby County Economic Development Growth Engine approved its Fast Track payment-in-lieu-of-taxes (PILOT) program earlier this year, it was with the hopes of bringing back a competitive balance between Memphis and North Mississippi.

WASHINGTON (AP) – Senators questioning the logic of a proposed merger between AT&T and Time Warner turned their focus to the nickels and dimes of the issue, at least as to how the $85.4 billion mega-deal would affect Americans. OK, you say this huge merger will enhance, not quash, competition and benefit consumers. Will it actually reduce prices that consumers pay?

Airbnb is revolutionizing the hospitality industry causing legislators worldwide to scramble to regulate it, but the Memphis City Council is gaining state and national attention for its hands-off attitude.

WASHINGTON (AP) – The U.S. economy in the third quarter grew at the fastest pace in two years, with a revised report showing stronger consumer spending than first estimated.

The gross domestic product, the country's total output of goods and services, expanded at an annual rate of 3.2 percent in the July-September period, the Commerce Department reported Tuesday. That is up from a previous estimate of 2.9 percent.

A busy last weekend for the Presidential campaigns in Shelby County where we have seen neither Hillary Clinton nor Donald Trump in the flesh since the primary campaign season and haven’t even seen their surrogates in the general election campaign.

Ray’s Take Stock market corrections are an inevitable part of investing. Since 1932, declines of 10 to 20 percent have occurred every two years on average. It might happen next week, three months from now, or next year.

Self-employed as a health care consultant, the single 48-year-old bought individual coverage through BlueCross BlueShield Tennessee’s marketplace plans each year since the Affordable Care Act took effect in 2014. The company offered the widest range of physicians, and its insurance was accepted in most places.

Cue the organ. You know, the one from those old soap operas or radio dramas. And prepare for the latest episode of Island of Mud. When last we looked in on Mud Island River Park, the city had two finalists to redevelop all or a part of the southern half of the island that is really a peninsula.

As director of Shelby Farms Park Conservancy, Jen Andrews has been on the front lines of what can fairly be called a green revival in Memphis. And she is amazed at how much change has occurred over the last decade, a rebirth that spans not just across the miles but now seems embedded in the city’s psyche.

SAN FRANCISCO (AP) – Google launched an aggressive challenge to consumer electronics giants like Apple and Samsung on Tuesday, introducing a new line of smartphones called Pixel and other gadgets designed to showcase a digital helper the company calls "Google Assistant."

NEW YORK (AP) – Retailers are dangling perks like higher pay, extra discounts and more flexible schedules to lure temporary holiday workers in a tighter labor market.

They're also more determined to lock in their workers earlier. Macy's and Target are holding their first nationwide recruitment fairs, and others like consumer electronics chain Hhgregg Inc. are making it easier to apply for temporary holiday jobs via mobile devices.

The office of the future hacks down cubicle walls in favor of modular furniture that encourages collaboration. As many business sectors, from banking to legal services, move to a tech-first approach, companies are turning away from traditional office configurations to attract the next generation of talent.

Bankers like Scott Stafford are watching for the Federal Reserve to raise interest rates soon and, at least for the moment, expect the usual mortgage market cool-down heading towards the end of the year.

Memphis’ last traditional public housing complex is coming down and a new kind of subdivision will rise in its place.

The Land Use Control Board formally accepted the site plan for the South City development at its Thursday, Sept. 8, meeting. With the help of a $30 million federal Choice Neighborhoods grant, the Memphis Housing Authority plans to raze the 420 units of Foote Homes that date back to the 1940s to make way for Memphis’ first sustainable subdivision.

There are jobs you have to take and jobs you want to take. As in other places, Memphis’ economy is a mix of the two, and our effort to have more of the jobs that allow for careers and growth is seen by most if not all of our civic leadership as the way to build prosperity.

On the last Saturday night of the summer at AutoZone Park, the Memphis Redbirds sold the place out and then some. The announced attendance of 11,041 represented the highest mark since the ballpark was renovated and reconfigured after the 2014 season.

CHATTANOOGA, Tenn. (AP) – Volkswagen's new SUV comes with a feature that automatically controls braking to each wheel as the seven-seater descends on slippery off-road terrain. The German automaker is staking its hopes on the new model being just as adept at arresting the company's sales woes in the United States.

A two-block alley will be the latest site for a Downtown art gallery. The Downtown Memphis Commission plans to install up to 10 different art projects along Barboro Alley, which stretches from Second Street to Front Street.

As chief human resources officer for the city of Memphis, Alexandria Smith is responsible for the HR strategy and talent management for the city as an employer. She provides advice to the mayor and senior leadership team, a role that has played an important part in shaping the city’s future, including leading the recent search for a police chief.

Jimmy Lewis said that when he agreed to move his Relevant Roasters concept into Crosstown Concourse, he was taking a risk. His coffee-roasting operation is only 2 years old, and the in-house coffee shop element at 584 Tillman St. is even newer.